In addition to major cryptocurrencies such as Bitcoin and Ethereum, the cryptocurrency market is also witnessing the rise of alternative coins that show significant potential for growth.
One such coin is WSM (Wall Street Memes), which is garnering attention for its unique approach of blending finance and humor.
Another notable altcoin is yPredict, a platform that leverages blockchain technology to provide accurate predictions and insights.
Additionally, Ecoterra aims to revolutionize the green energy sector through its eco-friendly blockchain solutions.
Today, we turn our attention to Shiba Inu (SHIB), a meme-inspired cryptocurrency that has caught the attention of many investors.
With trading volume recently reaching $100 million, the question begs: can SHIB achieve the $1 milestone?
Let’s delve into the factors that can affect a Shiba Inu’s price and its potential for future growth.
sheeba price
current trading price of Shiba Inu (SHIB) stands at $0.000009, with a notable 24-hour trading volume of $81,607,284.
In the past days, SHIB has experienced a slight increase of around 3%.
As of now, Shiba Inu holds the #15 ranking on CoinMarketCap, boasting a live market capitalization of $5,195,877,648.
The circulating supply of SHIB coins is 589,353,544,428,282.
Shiba Price Prediction: Can SHIB Reach $100m After $1m Trading Volume?
On the technical front, Shiba Inu (SHIB) Trading near 0.00000879, after a notable resistance at 0.0000089067.
Looking at the four-hour time frame, the formation of three bullish engulfing candles, also known as three white soldiers, signals a strong bullish sentiment in the market.
Additionally, both the 50-day exponential moving average and the RSI indicator are in the buy zone, suggesting the potential for further bullish momentum.
Moreover, the 50-day exponential moving average on the hourly time frame is providing support near the 0.00008500 level, and a candle close above this level signals significant upside potential for the Shiba Inu.
Therefore, the recommended approach for today is to wait for the market to stabilize and confirm the bullish sentiment by closing candles above the resistance level at 0.000008697. A close watch is advised at this stage.
On the other hand, if SHIB successfully breaks the level of 0.000008906, then the next target can be estimated around the level of 0.000009098.
Looking for Shiba Inu Alternatives
Discover new opportunities beyond the Shiba Inu with alternative cryptocurrencies like WSM, yPredict, and Ecoterra. Explore their unique features and growth potential in the ever-evolving world of digital assets.
Wall Street Memes (WSM)
The GameStop fiasco of 2021 saw the little guy challenge Wall Street, and the legacy of those brave Wall Street Bets heroes continues to resonate.
Wall Street memes are emerging from that movement – a symbol of the Internet’s victory over unchecked capitalism.
In the ’80s, Gordon Gekko famously declared, “Greed is good,” as he profited from worthless stocks.
Jump in before the price goes up! The Wall Street Memes (WSM) entered the next phase at a price of $0.0256. USDT raised so far: $647,035.07 out of $1,006,000.
Don’t miss this opportunity. Join the WSM community and ride the meme wave to financial success!
yPrediction
Introduction yPredictionA game-changing AI-powered platform designed to revolutionize cryptocurrency trading.
With its advanced technology, yPredict provides traders with valuable insights, analysis and pattern detection to successfully navigate the volatile market.
The platform’s $YPRED token is currently available for purchase at a discounted rate in its pre-sale, with the potential to profit when it is listed on major exchanges.
By leveraging WiPredict’s AI technology, traders gain a significant advantage in making informed decisions.
With plans to launch a comprehensive analytics platform and marketplace, yPredict is set to reshape the crypto industry.
The platform has successfully raised over $1.8 million in its pre-sale to date. Don’t miss this opportunity to join the yPredict community and secure $YPRED tokens.
ecoterra
Join the sustainable revolution with Ecoterra’s Recycle2Earn app, which provides a practical solution for companies to increase recycling efforts while benefiting from eco-friendly activities.
Connect with businesses seeking recycled content through the marketplace, paying with $ECOTERRA tokens or other cryptocurrencies.
Earn rewards for recycling global brand products like Vittel, Heineken, and Pepsi.
Embracing non-fungible tokens (NFTs), Ecoterra commoditises ecological actions, while incentivizing positive contributions to the environment.
Invest in this revenue generating project that reconciles economic success with ecological sustainability. Let us together create a sustainable ecosystem for a better future.
Don’t miss this opportunity to support the planet and your bottom line.
